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Off Market
1/8

2180 E Ridge Rd
Rochester, NY 14622


HIGHLIGHTS

  • AUCTION JUNE 14-16, 2021 | STARTING BID $100,000 | WEGMAN'S & WALGREENS SHADOW ANCHORED
  • Well located in established retail market including Wegman’s grocer (shadow anchor), Marshalls, Goodwill, Dollar Tree, Target, Home Depot
  • Positioned just east of the intersection of two major thoroughfares, frontage on East Ridge Road with ±15,962 VPD and Culver Road with ±17,108 VPD
  • Dense population of ±256,906 residents with an average household income of $64,663 in a 5-mile radius

OVERVIEW

RealINSIGHT Marketplace Online Auction, June 14-16, 2021 WELL LOCATED IN ESTABLISHED RETAIL MARKET – Wegman’s Adjacent Commercial Building is ideally situated at the core of an established retail trade area with many national retailers like Wegman’s grocer (shadow anchor), Walgreen’s (shadow anchor), Marshalls, Goodwill, Dollar Tree, AT&T, Petco, Pizza Hut, Target, Home Depot all in close proximity that consistently draw consumers to the area. DIVERSE TRAFFIC DRIVERS - Confluence of education, business and residential in this established robust retail market, including ±1,000 student East Ridge High School, venerable 130+ year old Kodak, and Eastman Business Park, a 1,200 acre campus with over 16 million square feet of multi-scale manufacturing, distribution, lab and office space (±4 miles) to name a few. HIGH TRAFFIC COUNTS | COMBINED 33,070 VPD - Wegman’s Adjacent Commercial Building is positioned just east of the intersection two major thoroughfares, frontage on East Ridge Road with ±15,962 VPD and Culver Road with ±17,108 VPD. The Property benefits from proximity to State Route 590 with an additional 53,378 VPD ±1 mile away. HIGH PROFILE REDEVELOPMENT OPPORTUNITY - The Property consists of a 8,120 SF building on a 1.59 AC parcel and enjoys a strong level of market recognition at an easy to access signalized intersection within an established trade area. DENSELY POPULATED TRADE AREA | DEMOGRAPHICS OF CHOICE - Dense population of ±256,906 residents with an average household income of $64,663 in a 5-mile radius. The City of Rochester is located on the south shore of Lake Ontario, midway between Buffalo and Syracuse in upstate New York State CBRE and RealINSIGHT Marketplace are pleased to present Wegman’s Adjacent Commercial Building, an ±8,120 SF building located at 2180 E Ridge Road in Irondequoit, New York just outside Rochester. Located near the intersection of two of the submarket’s primary traffic corridors, East Ridge Road and Culver Road, the Property is situated in an established retail trade area, within a dense population center. Wegman’s Adjacent Commercial Building presents a unique redevelopment opportunity for investors with an attractive basis and upside potential through lease up.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Wegman’s Adjacent Building – 1.59 AC

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

8120

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1963

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

1.59 AC AC

LAND SF

69,260 SF

ZONING

-

APN/PARCEL ID

263400-077-180-0003-078-100